The
Reserve Bank of India’s talk of differentiated licensing for banks on
the lines of the US and Singapore has raised hopes of many aspirants
such as India Infoline and Muthoot who believe when it becomes a reality
they could escape some tough regulations applied on full-scale banks. A
differentiated licensing could enable specialists such as
infrastructure lender IDFC, and gold loan company Muthoot Finance get a
regulatory treatment different to what it is for those banks such as
State Bank of India and ICICI Bank....
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